________ is the division of an insurance policy among many different insurance companies.
A) Coinsurance
B) Reinsurance
C) Multi-insurance
D) Insurance partnership
E) Insurance collaboration

Question

Quizplus · Accepted Answer

Sometimes, an insurance company insures a large piece of property but does not want to take on all the risk of loss, so it passes off some of the insurance to a reinsurance company. Reinsurance is the division of an insurance policy among many different insurance companies.

________ Is the Division of an Insurance Policy Among Many